News Column

FEDERAL HOME LOAN BANK OF DALLAS FILES (8-K) Disclosing Change in Directors or Principal Officers

July 15, 2014

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On June 10, 2014, the Compensation and Human Resources Committee of the Board of Directors of the Federal Home Loan Bank of Dallas ("Bank"), acting upon a recommendation from the Bank's President and Chief Executive Officer, approved a salary increase for Tom Lewis (one of the Bank's named executive officers), subject to the review of the Federal Housing Finance Agency ("FHFA"). On July 9, 2014, the FHFA informed the Bank that it did not object to the salary increase. Mr. Lewis' base salary was increased from $300,235 to $322,000, effective July 9, 2014. The Bank increased Mr. Lewis' base salary in recognition of his recent promotion from Chief Accounting Officer to Chief Financial Officer. Mr. Lewis, a Senior Vice President, has served as the Bank's principal financial officer since January 1, 2014 and he also continues to serve as the Bank's principal accounting officer, a role he has filled since he joined the Bank in January 2003.


Top of the Form

For more stories on investments and markets, please see HispanicBusiness' Finance Channel

Source: Edgar Glimpses

Story Tools Facebook Linkedin Twitter RSS Feed Email Alerts & Newsletters